Podcast: Your Money and Your Life
The England Illegal Money Lending Team (IMLT) is helping to break the cycle of borrowing from loan sharks and supporting victims caught in their trap, on its brand-new podcast; Your Money and Your Life.
Across the series, we’ll be bringing you insightful conversations from the people who have been targeted by loan sharks, as they share their stories and experiences – highlighting what you should look out for. We’ll also be joined by the organisations working tirelessly to tackle these criminals, as they explain what more we can do to identify them.
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Episode One: Tackling loan sharks
In this brand-new podcast, we’ll be exploring the challenge facing many people in Britain today, as the number of people struggling to make ends meet rises and personal debt enquiries hit an all-time high.
In this first episode, we discuss the common misconceptions around loan sharks and how these illegal money lenders have a profound and devastating impact on their victims.
Episode Two: Working with the community
Runcorn Local Policing Unit joins the IMLT to explain how it set up an award-winning project by working with local schools like St Martin’s Primary and other organisations such as Halton Trading Standards to raise awareness about loan sharks.
Episode Three: Supporting tenants
#CheltenhamSaysNo was a campaign launched by Cheltenham Borough Homes with the support of IMLT and on this week’s podcast episode, the IMLT explains how campaigns like this are tackling loan sharks in particularly vulnerable areas and encouraging people to save with Gloucestershire Credit Union.
Episode Four: It starts with young people
The IMLT is working with schools and supporting organisations to prevent future generations from falling into the trap of borrowing money from loan sharks. This week we’re joined by Just Credit Union and Citizens Advice Havant Work Out Your Money to discuss the importance of teaching children about personal finance at an early age, so they are better prepared to make sound financial decisions in the future.
Episode Five: Finding a way out
After repaying a loan shark for seven years, Becky reached breaking point and had to seek support to keep her and her family safe. This episode looks at the shocking reality of getting involved with a loan shark and how organisations like the IMLT are working to help victims reclaim their lives.
If you’re affected by anything in this podcast series or believe you or someone you know has been bitten by a loan shark, help is only a phone call away. Get in touch by calling 0300 555 2222 or use our online reporting form. Live chat available 9am to 5pm, Monday – Friday. You can access Live Chat by clicking the button on the right hand side of the screen. There may be times when we are busy that the option may be temporarily unavailable.
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Cash seized from loan sharks to fund community projects
The IMLT is cracking down on loan sharks across the country and stripping them of their ill-gotten gains under the Proceeds of Crime Act (POCA) legislation.
Find out information about how you can apply for proceeds of crime funding (POCA) here.